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Kallanish Kallanish

Knowledge matters Knowledge matters

November, 11th 2019

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Weekly Steel

Week 44-19 05 Nov 2019

Kallanish Steel Weekly: Steel market regionalisation continues to be major issue for sector

Regionalisation in the global steel market is continuing to accelerate, creating many problems for participants and for the wider industry. This is according to a number of speakers at last week’s World Steel Dynamics conference in Milan.

Michel Van Hoey from McKinsey & Company calculates that in 2018 only 22 ...

Week 43-19 29 Oct 2019

Kallanish Steel Weekly: Global steel output drops for the first time in 2019 as China growth slows

World crude steel production for the 64 countries reporting to the World Steel Association declined -0.3% on-year in September to 151.5 million tonnes. This represented the first monthly decline in 2019.

It came as Chinese output growth slowed to 2.2%, giving a tonnage of 82.77mt. Indian ...

Week 42-19 22 Oct 2019

Kallanish Steel Weekly: Worldsteel boosts outlook for 2019, 2020 on Chinese performance

The World Steel Association (worldsteel) estimates that global apparent steel demand will grow in both 2019 and 2020. The association announced this in its latest Short Range Outlook (SRO) on 14 October at its annual conference in Monterey, Mexico. Apparent steel demand growth in China could reach 7.8% year-on-year ...

Week 41-19 15 Oct 2019

Kallanish Steel Weekly: Global long prices show signs of improvement as billet halts descent

The slight recovery of sentiment in the scrap market after many weeks of descent is beginning to support sentiment around global longs pricing. Last week billet prices ceased to fall and some improvements were visible.

Billet suppliers from the CIS continued to reject lower-priced bids last week, encouraging the consolidation ...